Godsey & Gibb Inc. Has $20.07 Million Holdings in American Electric Power Company, Inc. $AEP

Godsey & Gibb Inc. raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 193,387 shares of the company’s stock after purchasing an additional 3,455 shares during the period. Godsey & Gibb Inc.’s holdings in American Electric Power were worth $20,066,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Kingswood Wealth Advisors LLC lifted its stake in shares of American Electric Power by 14.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company’s stock worth $364,000 after buying an additional 430 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of American Electric Power during the 1st quarter worth about $262,000. Venture Visionary Partners LLC grew its holdings in American Electric Power by 7.3% during the 2nd quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company’s stock worth $7,080,000 after acquiring an additional 4,616 shares during the last quarter. Robertson Stephens Wealth Management LLC bought a new stake in shares of American Electric Power during the first quarter worth $205,000. Finally, GAMMA Investing LLC grew its holdings in American Electric Power by 24.5% during the 1st quarter. GAMMA Investing LLC now owns 19,678 shares of the company’s stock worth $2,150,000 after acquiring an additional 3,867 shares during the period. Institutional investors own 75.24% of the company’s stock.

Insiders Place Their Bets

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction on Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the transaction, the director directly owned 40,898 shares in the company, valued at approximately $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the sale, the executive vice president directly owned 5,676 shares in the company, valued at $635,712. This trade represents a 15.06% decrease in their position. The disclosure for this sale can be found here. 0.07% of the stock is owned by company insiders.

American Electric Power Stock Performance

Shares of AEP stock opened at $115.66 on Tuesday. The firm has a fifty day simple moving average of $111.02 and a two-hundred day simple moving average of $106.78. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $115.84. The firm has a market capitalization of $61.85 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 3.02 and a beta of 0.48. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.16. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The business had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same period last year, the business earned $1.25 EPS. The business’s revenue was up 11.1% on a year-over-year basis. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a dividend of $0.93 per share. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.2%. American Electric Power’s dividend payout ratio is currently 54.39%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AEP. Raymond James Financial reiterated an “outperform” rating and issued a $122.00 price objective (up from $115.00) on shares of American Electric Power in a research report on Thursday, July 31st. Jefferies Financial Group lowered their price objective on shares of American Electric Power from $120.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, September 11th. UBS Group raised their target price on shares of American Electric Power from $100.00 to $110.00 and gave the stock a “sell” rating in a research note on Thursday, July 31st. Evercore ISI set a $133.00 price target on shares of American Electric Power and gave the company an “outperform” rating in a research note on Monday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a report on Saturday, September 27th. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $114.10.

American Electric Power Company Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.